The Rupee Depreciated By 9 Paise Against The US Dollar To 65.03 Against

The rupee depreciated by 9 paise against the US dollar to 65.03 against as the greenback firmed up ahead of US Federal Reserve's policy meet this week.

A strong dollar and sustained foreign fund outflow weighed on the domestic unit amid rising current account deficit in the December quarter, a currency dealer said.

The current account deficit rose to 2 percent of the GDP at USD 13.5 billion in the December quarter, up from USD 8 billion or 1.4 percent in the year-ago period, on the back of higher trade deficit, RBI data showed.

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